| View this article at: http://www.macnn.com/news/20838 |
Thursday, Aug 28, 2003 4:00pm
Wall Street unsympathetic t... |
Even though Apple's iTunes online music store is "doing boffo business" and its new Power Mac G5 "has been met with mostly great reviews," the First Call consensus rating among Wall Street analysts for Apple's stock is a 2.9, according to CNN/Money. "So this is essentially a Hold recommendation which, as most investors know, is a nice way of saying Sell....'Apple has always been the oddball in the computer industry,' said Matthew Kelmon, president of Kelmoore Investment. The criticism that Wall Street often makes when evaluating Apple's prospects is that it's a niche company that will never supplant Microsoft.'"
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